Forex Technical Analysis – EUR/USD Tests Resistance Level
03/12/10 12:39 PM by Russell GlaserThe range trading that the EUR/USD has experienced over the past month may continue. The price is approaching a significant resistance level and the 4-hour chart is showing technical resistance building, hinting at potential drop in the price.
Predicting U.S. Unemployment Rate Lately, is a Tricky Business
03/8/10 8:50 PM by Peter RobinsonThe latest unemployment rate reading for February was 9.7%. The final rate was published Firday last week before trading hours, it came below the 9.8% as forecasted. Such a reading should have sent the USD much higher against other major ...
Non-Farm Payrolls Publication Looks to Push EUR/USD Out Of the Range
03/5/10 2:05 PM by Yan PettersAfter 3 weeks on which the EUR/USD pair was traded within a very restricted range of about 300 pips, a major data release from the U.S. economy threatens to end the range-trading. The market has been extremely calm over the ...
Non-Farm Payrolls to be Released Today
03/5/10 10:01 AM by Dan EduardSeveral news events promise to lead to heavy market volatility in trading today. Chief among these is the monthly U.S. Non-Farm Employment Change Report. The report is widely considered one of the most important pieces of U.S. economic ...
Non-Farm Payrolls – Forex Trading Tips
03/4/10 3:07 PM by Greg HoldenThe start of each new month brings with it one of the most significant economic reports: Non-Farm Employment Change, also known as Non-Farm Payrolls (NFP). The point here is not to inundate you with information about the NFP report which ...
EUR at 2-Week High as Greece Debt Concerns Ease
03/4/10 7:03 AM by Rita RuvinskiThe EUR was firm on Thursday, as investors encouraged by Greece's fresh austerity measures to reduce its deficit cut some of the record short positions in the single currency. Greece announced plans for a further $6.5 billion in pay cuts ...
Forex Technical Analysis – EUR/USD Bearish Flag
03/3/10 4:54 PM by Russell GlaserBelow the EUR/USD daily chart shows a continuation pattern has formed, leading us to believe that a breakout of the pair may occur in the near term.
Dollar Drops after Greek Comments Help Euro
03/2/10 11:22 PM by Russell GlaserThe Greenback slid during Tuesday's trading as the euro jumped after Greece's Prime Minister noted that new austerity measures would soon be enacted for the troubled European Union member nation. This comes prior to an upcoming auction of Greek sovereign ...
Forex Technical Analysis – Bearish Channel – EUR/USD – 4-Hour Chart
03/1/10 1:36 PM by Russell GlaserA technical analysis of the 4-hour EUR/USD shows that over the past 28 hours, the pair has been trading in a bearish channel.
